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...Prioritizing IT ProjectManagementPortfolio
Prioritizing IT ProjectManagementPortfolio
The realities of shrinking IT budgets and increasing dependence on IT in organizations in recent years has resulted in a situation in which there is an intense competition for resources needed to execute and complete IT projects. According to Ross (2007), the shrinking IT budget in the face of increasing demand has brought new pressures to the IT function. To gain approval and funding for projects, IT departments must demonstrate that such new project will either result in cost saving, increased sales, or result in greater enterprise-wide efficiency (Ross, 2007). The intense competition for resources makes it imperative that IT managers need to prioritize their projects in order to gain approval and funding. To help them effectively prioritize, many IT managers have embraced IT projectportfoliomanagement strategies to enable them insightfully decide what project should get funding and what projects should be postponed, shelved, or cancelled.
What is ProjectPortfolioManagement?
Essentially, ProjectPortfoliomanagement enables organizations to align their IT and application development...

...PortfolioManagement of Research
Projects in the Public and Private
Sectors
Yolanda Yebra Aguado
ProjectManagement
Submission date: June 2011
Supervisor:
Tim Kristian Andreas Torvatn, IØT
Norwegian University of Science and Technology
Department of Industrial Economics and Technology Management
MSc in ProjectManagement, Thesis
Preface
This thesis work is carried out at the department of Industrial Economics and Technology
Management (IØT). It constitutes the final thesis for the Master of Science in ProjectManagement and was carried out during the spring semester 2011 at the Norwegian
University of Science and Technology (NTNU).
This thesis has been both a challenging and rewarding experience for me. Academically, I
was able to specialize in a topic of great interest in the discipline of projectmanagement.
Personally, I learned to deal effectively with complexity and uncertainties in projects in
order to achieve my goals. I am very pleased to have had the opportunity to culminate my
studies with such a great learning experience.
I would like to thank my supervisor Research Scientist Anandasivakumar Ekabaram, Siva, for
his time and disposition to guide me through every aspect that surrounded my work. I
greatly value his knowledge and personal reflections shared with me...

...Proposed ProjectPortfolioManagement Process
Projectmanagement has grown beyond the confines of simplistic canned applications into a discipline that is in large part process, combined with common sense and inspiration. The process of Project and PortfolioManagement (PPM) derives from the practices common to projectmanagement, as expressed in applications and tools developed to help project managers collaborate with project team’s cross-enterprise.
Project and PortfolioManagement solutions trump pure project planning applications by providing broad visibility into a corporation’s investments in human and material resources. Using PPM, project managers can determine how best to invest an organization’s capital in projects that provide the best return on investment, increasing the efficiency of the corporation’s resources.
Working on the right projects at the right time is critical to sustain a competitive advantage, yet many organizations struggle with allocating limited resources and assets wisely. Projectportfoliomanagement (PPM) approach helps you select and manage an optimal portfolio of projects - one that maximizes your...

...Interactive Session 2
MANAGEMENT :MOTOROLA TURNS TO
PROJECTPORTFOLIOMANAGEMENT
页脚
2
Answers
1. What are some of the challenges Motorola faces as a business? Why is projectmanagement so critical at this company?
Challenges: How to better manage its systems and its projects to lower operating costs.
Why :
a. Projectmanagement will be more competitive by entering a ruthless and constant
evolving sector (Smartphone) and being more efficient on coordinating its IT
（Multinational firm）
b. Projectmanagement will be more cost efficient by coping with the economic downturn
(by saving money and increasing efficiency) and it will better coordinate 1800 IS and
1500 IS employees for 1000 projects per year (avoiding redundant working)
2. What features of HP PPM were most useful to Motorola?
Help managers to compare projects
“Centralized source of other critical information such as the amount of investment
dollars used by a process and the priorities of business requests coming through
Motorola’s system”
Ø
Quick and easy access to data
Ø
Perform analysis
Ø
What-if scenario planning tool
Ø
Reduction of cost structure by 40%
Ø
Reduction of IT support costs by 25%
3. What management, organization, and technology factors had to...

...Reasons Why Projects Fail
By Tom Carlos PMP In a perfect world, every project would be "on time and within budget." But reality (especially the proven statistics) tells a very different story. It's not uncommon for projects to fail. Even if the budget and schedule are met, one must ask "did the project deliver the results and quality we expected?" True project success must be evaluated on all three components. Otherwise, a project could be considered a "failure." Have you ever seen a situation where projects begin to show signs of disorganisation, appear out of control, and have a sense of doom and failure? Have you witnessed settings where everyone works in a silo and no one seems to know what the other team member is doing? What about team members who live by the creed "I'll do my part (as I see fit) and after that, it's their problem." Even worse is when team members resort to finger-pointing. Situations similar to these scenarios point to a sign that reads "danger." And if you read the fine print under the word "danger" it reads, "your project needs to be brought under control or else it could fail." When projects begin to show signs of stress and failure, everyone looks to the project manager for answers. It may seem unfair that the burden of doom falls u pon a single individual. But this is the reason why you chose to manage...

...Write a seven to eight (7-8) page paper in which you:
1. Recommend a projectportfoliomanagement method for your selected project. Provide a rationale for your recommendation. Note: Be sure to align your project with the strategic efforst of the organization.
2. Create an outline of an executive summary that includes the type of problem, requirements, and proposed business problems solutions.
3. State the vision and the goal of the project. Note: Be sure that the goals are specific, Measurable, Attainable, Realistic, and Timely (SMART).
4. Determine five (5) major deliverables of the project, and explain the importance of each one.
5. Provide the timeframe for delivering the solution to the project.
6. Create a table which contains the generic resources, including people, equipment , and materials needed to undertake the project.
7. Estimate the total budget for the project based on the cost of the resources specified in the table that you have created . Next, add contingency and any other additional costs (e.g. intangible cost, the cost of a change in culture or process within the the business etc.). Support your response.
8. Determine the key success criteria for your project. Provide a rationale to support your response.
9. Assume that your project is delivered on time, within scope, and budget....

...This paper seeks to explain the ProjectPortfolioManagement (PPM), the reasoning behind it as a set of processes and methodologies and how these build a group of singular projects into a stack or tier that can be holistically graded, how these processes can drive IT to become closely modelled on and aligned with business strategy. It seeks to point out successful methodologies for PPM implementation and some of the issues that can arise.
The basis of PPM
Projectmanagement and by extension portfoliomanagement are curious disciplines. They attempt to present simple methodologies for guiding an activity (or group thereof) through all its stages from inception to completion, within defined cost and time boundaries. Many of the facets of projectportfoliomanagement appear to be simply common sense, but there are many more projects that fail because misapplication of these principles.
Portfoliomanagement is the process of applying a standardised set of management tools and methodologies against a basket of projects, in order to ascertain amongst other things:
* Which projects are performing as expected relating to resources consumed
* Which projects will deliver the expected benefits to the organisation
*...